Washington — US President Donald Trump on Monday unveiled an ambitious proposal to renew American infrastructure, in a plan "to shift the focus back to domestic priorities after years of war". The new infrastructure initiative includes $200bn in public funds, which aims to spur another $1.3-trillion contributions from states and private investors to update US roads, bridges and airports which Trump has described as crumbling. "This will be a big week for Infrastructure," Trump said on Twitter on Monday. "After so stupidly spending $7-trillion in the Middle East, it is now time to start investing in OUR Country!" Administration officials tout the plan as a shift back to national priorities, with $50bn dedicated to modernising infrastructure in rural areas, many of which favoured Trump in the 2016 elections. It also aims to eliminate bureaucratic barriers to construction such as environmental safety reviews and the need for authorisations from more than one agency, the White House sai...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.